*** Comments prior to evaluation summary ***
This coming week is earning from very large (186 of them are SP500) corporations, the news from Europe is looking grim as Spain declares a 6 month state of emergency and of course American politics.
Anyone saying, with this amount of news pending, that forecasting is accurate is foolish. All I can say at this point is that the close of the week was neutral-bearish pattern bar.
Orion:4Sight Range for coming week 34.33 - 40.33 (Mean: 37.33)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.
Price Action:
Weekly: The average price range currently is 3.42 points/ticks/pips. Prices are currently .11x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 36.15 and 43.54.
While in consolidation the trade range may decrease to 1.854 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 38.09 to 41.34 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 37.61 to 41.83 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 38.65 before moving toward 40.37
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.1626
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 30.00% are bullish, 30.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bearish - cover shorts.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades, profit taking/trend switch in process.
This coming week is earning from very large (186 of them are SP500) corporations, the news from Europe is looking grim as Spain declares a 6 month state of emergency and of course American politics.
Anyone saying, with this amount of news pending, that forecasting is accurate is foolish. All I can say at this point is that the close of the week was neutral-bearish pattern bar.
Orion:4Sight Range for coming week 34.33 - 40.33 (Mean: 37.33)
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.
Price Action:
Weekly: The average price range currently is 3.42 points/ticks/pips. Prices are currently .11x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices are currently caught in consolidation between 36.15 and 43.54.
While in consolidation the trade range may decrease to 1.854 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 38.09 to 41.34 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 37.61 to 41.83 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 38.65 before moving toward 40.37
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.1626
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 30.00% are bullish, 30.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Bearish - cover shorts.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Close/Cover directional trades, profit taking/trend switch in process.